The Albanese Government said it is is delivering more reliable, renewable energy for West Australian households and businesses with the Capacity Investment Scheme.
Consultations on the design features of the scheme, to suit the unique WA energy grid, opened on April 12, and run until April 29.
The first WA tender will target 500 megawatt (MW) of reliable renewables by storing power that is available to dispatch when needed, enough to power 450,000 homes, subject to consultation and final agreement.
This 500MW round kicks off the national Capacity Investment Scheme in WA and will be open to applications mid-year.
The Capacity Investment Scheme is delivering 32 gigawatt (GW) of new renewable capacity across Australia to 2030, transforming Australia’s energy system to a reliable 82 per cent renewable grid, supported by gas, storage and transmission.
Once the Commonwealth and WA reach final agreement on the Renewable Energy Transformation Agreement, including reliability benchmarks and addressing barriers to new capacity, 2.3GW of variable renewables and 1.1GW of dispatchable renewables will be unlocked in WA.
“We’re getting on with the job of boosting affordable, reliable, renewable power for Western Australians, where and when they need it. That’s exactly what this imminent investment round is all about,” Climate Change and Energy Minister Chris Bowen said.
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